Stockholders approve merger of Farm Credit associations

FOR IMMEDIATE RELEASE  AgCountry/United Logos                                

Contact:    Eric Vinje
                 Eric.vinje@agcountry.com
                 701.282.9494

                  Adam Ulbricht
                  Adam.ulbricht@unitedfcs.com
                  320.214.5076

 

Willmar, Minn. – Stockholders have approved a merger proposal bringing together two Farm Credit organizations serving Minnesota, North Dakota and Wisconsin. AgCountry Farm Credit Services and United FCS will merge under the name AgCountry Farm Credit Services, beginning July 1.

The new organization will operate in 65 counties through 38 offices in parts of Minnesota, North Dakota and Wisconsin. Headquartered in Fargo, N.D., the Association will serve nearly 18,000 customer-members, and have approximately $7.2 billion in assets.

 “We believed from the beginning that the culture, values, and vision of both cooperatives made this a natural fit,” said Greg Nelson and Brad Sunderland, – who serve as board chairs for AgCountry Farm Credit Services and United FCS, respectively. “We would like to thank the stockholders from both organizations for their participation in the voting process and recognizing that this merger will help us better serve agriculture and rural America.”

“Since merger discussions began last year, our goal has been to build on the strengths of both organizations to best serve the needs of our members,” says Bob Bahl, AgCountry CEO. “In merging these two associations, we are positioned for even greater success and a strong, bright future.”

 

About AgCountry Farm Credit Services:

AgCountry Farm Credit Services is an independently owned and locally governed lending association that provides credit and financial services to more than 12,000 farmers and ranchers in 18 counties in eastern North Dakota and 25 counties in northwest and west central Minnesota. AgCountry also provides agribusiness loans and leases nationwide. Offices are maintained in 26 locations throughout the territory, with nearly 400 employees. For additional information on AgCountry FCS, visit www.agcountry.com.

About United FCS:

United FCS is a member of the Farm Credit System, a nationwide network of banks and retail lending associations chartered to support the borrowing needs of U.S. agriculture and the nation’s rural economy. Serving over 6,000 customer-members, United FCS has a primary focus in a 22-county service area in West Central Minnesota and North Central Wisconsin providing loans, leases and a wide array of financial services through 12 branch office locations and 190 locally-based employees.